Harrisons has advised the EBRD on its EUR 21.4 million loan to the Metalfer Steel Mill in Sremska Mitrovica, Serbia.
The Metalfer Steel Mill is a Serbian concrete-reinforcement steel manufacturer.
"The proceeds of the loan shall be used for the construction of a new rolling mill for processing scrap metal and semi-finished products, which will improve efficiency and reduce emissions, as well as a new rooftop solar photovoltaic mini-plant, producing up to four megawatts of renewable power to meet production needs," Harrisons informed.
According to Harrisons, the loan will enable Metalfer to meet high demand from the construction industry, both domestically and across the region.
The Harrisons team was led by Consultant Ines Matijevic-Papulin and included Associates Mina Markovic and Aleksandar Jovicevic.